Output gap measured as a difference between actual and potential gdp growth reached -1.66% in 2014 in Iceland, according to the National Statistical Office. This is 48.0% more than in the previous year.
Historically, output gap measured as a difference between actual and potential GDP growth in Iceland reached an all time high of 8.26% in 2007 and an all time low of -6.83% in 2010.
Iceland has been ranked 11th within the group of 34 countries we follow in terms of output gap measured as a difference between actual and potential GDP growth.
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